Tronc, the publisher of the Chicago Tribune and The Los Angeles Times newspapers, announced on September 4 that it had purchased The New York Daily News. Photo by Drew Angerer/Getty Images

Newspaper publisher Tronc has had a rocky few months. Plagued by management shakeups, unionization battles, layoffs and accusations of sexual harassment, the media group formerly known as Tribune Publishing has struggled in its efforts to adapt to a digital landscape.

Why it matters: An underwhelming year-end earnings report further sounded the alarm for Tronc investors earlier this month, causing the company to lose almost a quarter of its market value in a single trading session.

June 20, 2016: Tribune Publishing officially rebrands as Tronc, short for "Tribune online content," and begins trading on the NASDAQ under the symbol TRNC. The rebranding effort is met with near-universal ridicule, capped off by a press release that WashPost's Erik Wemple called "perhaps the most concentrated mess of buzzwords that digital publishing has ever seen."

Jan 18, 2018: Los Angeles Times employees vote to unionize on the same day it announced that publisher Ross Levinsohn will be taking unpaid leave. An NPR report found that Levinsohn's inappropriate behavior had created a toxic, "frat house" work environment, prompting Tronc to launch its own internal investigation.

  • A second NPR report found that Levinsohn, who has since been cleared of wrongdoing by Tronc and named CEO of Tribune Interactive, has a history of convincing employers to invest in his own projects — raising questions about where his true interests lie.

Feb. 7, 2018: Tronc agrees to sell the Los Angeles Times and San Diego Union-Tribune to the world's richest doctor, Patrick Soon-Shiong. When the deal officially closes, Tronc will become a significantly smaller company, not to mention notably further from chairman Michael Ferro's strategic goal of 100 million digital readers.

March 7, 2018: Beyond just disappointing figures, Tronc's earnings call is sullied by an overall lack of transparency about the company's direction. Tronc CEO Justin Dearborn, for example, makes the surprising decision not to provide a financial outlook for 2018. "In other words," writes Nieman Lab, "we haven’t yet figured out how Tronc will perform financially without the Times and San Diego Union-Tribune. Or alternatively: You wouldn’t like what we’d have to tell you."

March 15, 2018: The Chicago Tribune lays off an unknown number of employees for the second time in five months.

March 19, 2018: Tronc chairman Michael Ferro steps down from the board of directors after two years of leading the company. Later that day, two women accuse Ferro of inappropriate advances in an article published by Fortune.

Go deeper

Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Driving the news: Metrosafe, the city's emergency services, said it received reports of a shooting at South Brook St. and Broadway Ave., near the area where protests were taking place. A police spokesperson told a press briefing the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 31,778,331 — Total deaths: 974,436 — Total recoveries: 21,876,025Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,943,078 — Total deaths: 201,930 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. Sports: Less travel is causing the NBA to see better basketball.
  8. Future: America's halfway coronavirus response

Biden: Breonna Taylor indictment "does not answer" call for justice

Former Vice President Joe Biden. Photo: Leigh Vogel/Getty Images

Former Vice President Joe Biden on Wednesday condemned the grand jury indictment of a Louisville police officer who entered Breonna Taylor's home in March in a botched drug raid that led to her death, saying in a statement the decision "does not answer" for equal justice.

The big picture: Biden called for reforms to address police use of force and no-knock warrants, while demanding a ban on chokeholds. He added that people "have a right to peacefully protest, but violence is never acceptable."

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